Think again before giving one of your kids the benefit of buying the cottage at a discount, you will still be taxed as if you received full value for the cottage.

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As our parents age, many of us find ourselves in the difficult position of parenting our parents, and the challenge is to do so while always respecting their dignity, remaining sensitive to their abilities and understanding their need for control

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In an era of near daily stunning advances in medicine, what constitutes the “heroic measures” so many people say they do not want?

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Most individuals do not deliberately die in order to create their estate – it is a foregone conclusion.

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Recently, several clients have asked us: “I am my mother/father/aunt/uncle’s attorney for property. He/she is having problems remembering things, or has become sick. When do I start acting?” While this seems like a simple question, it is not always clear, and can sometimes be difficult for an appointed attorney to determine.

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How honoured you are to be considered as their executor. But wait a minute—what does the role actually involve?

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Financial planning can help answer a number of questions, including how much you have to spend and what kind of services and accommodation you can afford.

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Although the plaintiffs sought $50,000 in punitive damages, the judge instead awarded $100,000.

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The recent Superior Court decision of Ekelschot-Kumelj v. Bradley illustrates where a request for an attorney for property to pass accounts was denied. Edwards J. held that an attorney for property does not have to account if she never exercised her power as attorney.

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People think they are being financially conscientious by avoiding unnecessary costs, saving money and proving that they’re in perfect charge of their finances. But, as Dr. Phil would say, “How’s that working for you?” When is recession-smart actually risk-silly?

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